$845,000
$875,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
412 Hope ST Providence, RI 02906
5 Beds
6 Baths
2,013 SqFt
Key Details
Sold Price $845,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,013 sqft
Price per Sqft $419
Subdivision Fox Point
MLS Listing ID 1362371
Sold Date 07/26/24
Bedrooms 5
Full Baths 5
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 2,013
Year Built 1910
Annual Tax Amount $10,852
Tax Year 2023
Lot Size 2,848 Sqft
Acres 0.0654
Property Description
This multifamily features two units: Unit 1 is a 2-bed, 2-bath apartment, and Unit 2 is a 3-bed, 3.5-bath townhouse. The house was gutted to the studs and fully renovated with new electric and plumbing, with 3 heating zones (one for each floor). Both units have been recently given a fresh coat of paint throughout and have beautiful kitchens with stainless steel appliances and granite countertops, central air, marble tiles, hardwood floors, and in-unit washer/dryer. The units come vacant, with projected market rents of $2650 for Unit 1 and $3500 for Unit 2, giving a projected cap rate of 6.33%. This is a perfect opportunity for owner-occupied with rental income. The property is located near Brown University, RISD, and various local restaurants and shopping centers.
Location
State RI
County Providence
Community Fox Point
Rooms
Basement Full, Unfinished, Walk-Out Access
Interior
Interior Features Tub Shower
Heating Forced Air, Gas
Cooling Central Air
Flooring Hardwood, Marble
Fireplace No
Appliance Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
Laundry In Unit
Exterior
Exterior Feature Patio
Fence Fenced
Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
Porch Patio
Garage No
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Drywall,Other
New Construction No
Others
Senior Community No
Tax ID 412HOPESTPROV
Financing Cash
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Bought with Century 21 Limitless PRG